Original Viewpoint Summary

🤖 AI Software & Contrarian Equity Setups

• Salesforce ($CRM) looks mispriced by the “AI replaces software” narrative. The stock is down 30% YTD, but Agentforce already passed $1B ARR in a single quarter with 150%+ YoY growth. The core read: AI is not killing Salesforce; it is becoming a monetization engine. 1

• $CRM and $AVGO are both being punished by sentiment rather than fundamentals. $AVGO delivered a strong report but dropped 20%; $CRM is down 30% as the market prices in the idea that Anthropic will eat its lunch. This sets up as a contrarian long in two names the tape currently hates. 2

🧠 AI Infrastructure & Semiconductor Supply Chain

• Broadcom ($AVGO) looks like a dip-buy candidate after a strong print. It beat revenue and profit expectations for the sixth consecutive quarter, AI chip revenue jumped 143% YoY, and free cash flow hit an all-time high, yet the stock sold off 20%. That gap between fundamentals and price action is the core opportunity. 3

• $NVDA and the broader AI hardware chain remain supply-constrained. The key bottleneck is not just chips; shortages span wafers, silicon photonics, cable connectors, memory, power, land, and talent. Demand remains structurally tight, not cyclically soft. 4

• The memory shortage likely has a multi-year runway. HBM consumes far more wafer capacity than regular DRAM and depends on advanced packaging, so even $MU, Samsung, and SK Hynix cannot fix supply by simply adding more wafers. This keeps the AI memory trade tighter for longer. 5

📉 Market Pullbacks & Bounce Trades

• After a violent Friday selloff of nearly 3% in U.S. stocks and 4.5% in the Nasdaq, the playbook was to open positions in two high-quality stocks hit hard by panic selling. The logic: use emotion-driven drawdowns to buy quality, not chase weak names. 6

• $MELI is on bounce watch after falling -40% from ATHs. The “Amazon of Latin America” label still matters, and the current drawdown creates a tactical rebound setup rather than a broken thesis call. 7

🚀 SpaceX Valuation & Historical Analogs

• SpaceX may be better compared with the Dutch East India Company than the railroad boom. The deeper parallel is uncertainty: massive upside, frontier expansion, and many unknowns still ahead. That makes the valuation debate less about standard IPO multiples and more about optionality. 8

⚠️ Leverage & Risk Management

• Avoid using 2x or 3x leverage to boost returns or gamble on rebounds. If a short-term rally is clear, entering low and taking profits quickly can work, but leverage forces market timing. Since nobody can precisely time entries and exits, actively adding leverage is a bad risk-reward habit. 9